All Blog Entries

Forex Trades 02/16 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.6175
[b]Stop[/b]: 1.615
[b]Resistances[/b]: 1.6275 - 1.623 - 1.6185
[b]Supports[/b]: 1.6075 - 1.6115 - 1.614

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 0.963
[b]Stop[/b]: 0.965
[b]Resistances[/b]: 0.9675 - 0.965 - 0.963
[b]Supports[/b]: 0.953 - 0.96 - 0.962

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] ...

INTRA-DAY EUR/USD OUTLOOK

Last Update At 16 Feb 2011 04:46 GMT

Rate : 1.3531

Despite euro's rebound fm o/n NY low of 1.3477
to 1.3540 in Asian morning, intra-day outlook is
consolidative n reckon upside wud falter below 1.3551 n yield subsequent retreat as price is likely to 'gyrate' inside near term range of 1.3460-1.3551.

Buy on dips for 1.3545 n only below y'day's low
at 1.3460 signals correction fm 1.3428 is over.

Range Forecast
1.3510 / 1.3540

Resistance/Support
R: 1.3551/1.3577/1.3594
S: 1.3460/1.3428/1.3391

http://www.acetraderfx.com

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but as you can see on my h1 chart below price still moving in a minor bullish channel since bounced higher from 1.3427 suggests that price is still in bullish correction phase. The target of this bullish correction is around the trend line resistance and 1.3669 which could be tested if price able to make a clear break above 1.3570. Immediate support remains around 1.3470 and the lower line of the minor bullish channel. A clear break below that area could trigger further bearish pressure testing 1.3420 before targeting 1.3250.

...

INTRA-DAY USD/JPY:

Last Update At 16 Feb 2011 02:35 GMT

Range Forecast
83.60 / 83.90

Resistance/Support
R: 83.93 / 84.27 / 84.51
S: 83.50 / 83.19 / 83.09

-------------------------

INTRA-DAY EUR/USD:

Last Update At 16 Feb 2011 02:38 GMT

Range Forecast
1.3510 / 1.3540

Resistance/Support
R: 1.3551/1.3577/1.3594
S: 1.3460/1.3428/1.3391

--------------------------

INTRA-DAY USD/CHF:

Last Update At 16 Feb 2011 02:41 GMT

Range Forecast
0.9650 / 0.9675

Resistance/Support
R: 0.9692/0.9730/0.9744
...